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Wednesday

25 November 2020

‘Coordinated media FUD' about Bitcoin from Financial Times to Fox Business

‘Coordinated media FUD' about Bitcoin from Financial Times to Fox Business


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Mainstream media outlets are finally reporting on the recent rally that saw Bitcoin creep close to its all-time high — but some commentators appear to be determined to spread FUD.

Fox Business also noted Bitcoin’s price rise with apparent alarm, and set about warning its readers away from investing in the cryptocurrency by rounding up Bitcoin haters including gold bug Peter Schiff, Roubini Macro Associates CEO Nouriel Roubini, and Bridgewater Associates founder Ray Dalio.

Chinese state media channel CCTV covered the recent price rally on national TV this week, saying that Bitcoin’s network, development and investment eco-system are more advanced compared to the 2017 bull market.

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cointelegraph.com
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